Zoom Communications (NASDAQ:ZM) Earns “Neutral” Rating from Cantor Fitzgerald

Zoom Communications (NASDAQ:ZM)‘s stock had its “neutral” rating restated by equities research analysts at Cantor Fitzgerald in a research report issued on Tuesday,Benzinga reports. They currently have a $87.00 price objective on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 10.69% from the company’s previous close.

ZM has been the subject of a number of other research reports. Citigroup increased their price target on Zoom Communications from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Dbs Bank upgraded shares of Zoom Communications to a “moderate buy” rating in a research note on Tuesday, September 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Zoom Communications in a report on Monday, November 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Zoom Communications in a research report on Tuesday. Finally, Stifel Nicolaus boosted their price objective on Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $92.91.

Zoom Communications Trading Down 0.0%

Shares of NASDAQ ZM opened at $78.60 on Tuesday. The stock has a fifty day moving average price of $82.59 and a 200 day moving average price of $79.66. The company has a market cap of $23.78 billion, a P/E ratio of 20.74, a P/E/G ratio of 10.73 and a beta of 0.79. Zoom Communications has a 12-month low of $64.41 and a 12-month high of $92.80.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS. Q4 2026 guidance at 1.480-1.490 EPS. On average, sell-side analysts forecast that Zoom Communications will post 2.93 EPS for the current fiscal year.

Insider Buying and Selling

In other Zoom Communications news, COO Aparna Bawa sold 10,528 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $79.77, for a total value of $839,818.56. Following the transaction, the chief operating officer owned 1,978 shares in the company, valued at approximately $157,785.06. This represents a 84.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michelle Chang sold 33,956 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $2,784,392.00. Following the sale, the chief financial officer directly owned 20,539 shares of the company’s stock, valued at $1,684,198. This trade represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 389,373 shares of company stock worth $32,311,579. 10.78% of the stock is owned by insiders.

Institutional Trading of Zoom Communications

A number of large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in Zoom Communications by 0.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 29,353 shares of the company’s stock valued at $2,165,000 after purchasing an additional 206 shares during the last quarter. Choreo LLC increased its stake in shares of Zoom Communications by 49.8% in the 1st quarter. Choreo LLC now owns 5,577 shares of the company’s stock valued at $411,000 after buying an additional 1,853 shares during the period. Avantax Advisory Services Inc. raised its holdings in Zoom Communications by 22.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,928 shares of the company’s stock worth $585,000 after purchasing an additional 1,470 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Zoom Communications by 45.9% during the 1st quarter. Cetera Investment Advisers now owns 24,206 shares of the company’s stock valued at $1,786,000 after acquiring an additional 7,616 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Zoom Communications in the 1st quarter valued at $243,000. 66.54% of the stock is currently owned by institutional investors.

About Zoom Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.